Connect with us

Hi, what are you looking for?

Top Stories

A “unifying Web3 platform” will onboard 1 billion users by 2026, says Harmony COO



Li Jiang, COO at Harmony, believes that a bridge connecting all existing blockchains is key to onboard the first 1 billion users on Web 3. 

“We think that the future is multichain and cross-chain, that you should be able to move assets very easily from one chain to another, with good prices, with good rates and very fast.”, he told Cointelegraph in an exclusive interview.

Harmony is a Layer-1 blockchain protocol that aims at creating bridges with all major blockchains and becoming a “unifying Web 3 platform” by 2026.

Jiang acknowledges that blockchain technology is not mature enough to onboard such a large amount of users due to scalability limitations.

“Today, no one can support a billion users, no chain, no ecosystem”, he said.

Harmony is addressing these limitations by leveraging proof-of-stake and sharding technology. That, as Jiang pointed out, allows Harmony to simultaneously achieve high levels of decentralization, scalability, and security.

“We have two-second finality. While that’s almost the fastest in the industry, We did that without trading off on decentralization or security.

According to Jiang, Layer-1 solutions such as Harmony will prove more effective than Layer-2 protocols built on Ethereum in the creation of a cross-chain internet, due to their higher flexibility.

Advertisement. Scroll to continue reading.

He also thinks that the future of Web3 is not a winner-takes-all kind of scenario: multiple Layer-1 protocols with their own unique value propositions will be able to coexist.

“The chains that will that will grow are re the ones that are great at cultivating their native projects,” he pointed out.

Check out the full interview on our YouTube channel and don’t forget to subscribe!



Source link

Click to comment

Leave a Reply

Latest

Online Business Success

A pump is seen at a gas station in Manhattan, New York City, US, on August 11, 2022. — Reuters Brent crude futures were...

Technology

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here. Can AI-driven fitness...

Social Media

Messaging has become an increasingly important connective tool for many businesses and consumers, with more than 20 billion messages now sent between people and...

Top Stories

The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in...

Florida

Christina Pushaw, Gov. Ron DeSantis’ Press Secretary, departed the administrative Friday to join the Republican Governor’s re-election campaign. The Florida Standard, a conservative new media...

California

The J. Paul Getty Museum announced Thursday that it will return several objects to Italy after discovering they were illegally excavated. On the return...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement